The head of corporate broking at JP Morgan, one of the biggest corporate advisers to FTSE 100 companies, has decided to leave the investment banking industry.

Andrew Hodgkin, who has been with JP Morgan and its predecessor Cazenove since 1996, left earlier this month, according to three people familiar with the move.

The departure had been in the works for some time, according to two of the people, who said Hodgkin had decided to leave the investment banking industry and would be taking a break before looking for non-executive roles.

The corporate broking business he led is one of the biggest in the City of London. According to the bank, it is corporate broker to 34 FTSE 100 clients and 92 FTSE 250 clients.

It is unclear whether Hodgkin will be directly replaced but his departure is the latest senior change to the bank's UK ranks in the past 12 months.

The bank tops the UK investment banking revenue rankings for the year-to-date, with $201 million in fees, according to data provider Dealogic, equivalent to a 11.8% market share. Barclays, which ranks second, has an 8.4% market share.